Trump doubles metal tariffs on Turkey as lira falls by 20%

Trump doubles metal tariffs on Turkey as lira falls by 20%

Image copyright Getty Images Image caption The two men spoke on the sidelines of a Nato summit in Brussels last month President Donald Trump has doubled US tariffs on Turkish steel and aluminium, as the precipitous fall of the Turkish...
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GAIL Q1 net up 23% at Rs 1,259 crore on better performance by gas trading and petrochemicals segments

GAIL Q1 net up 23% at Rs 1,259 crore on better performance by gas trading and petrochemicals segments

New Delhi: GAIL India Ltd, the country’s largest natural gas marketer, on Friday reported a 23 percent rise in its April-June quarter net profit on better margins in gas trading and petrochemicals business. Net profit of Rs 1,259 crore in...
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House of Fraser bought by Sports Direct for £90m

House of Fraser bought by Sports Direct for £90m

Image copyright Getty Images Mike Ashley’s Sports Direct has agreed to buy the House of Fraser department store chain for £90m. The deal was announced just hours after the 169 year-old chain went into administration when talks with its creditors...
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UK growth boosted by warmer weather

UK growth boosted by warmer weather

Image copyright Getty Images Image caption The construction sector grew by 0.9% over the quarter Economic growth in the UK picked up in the three months to June as construction and services were lifted by the warmer weather, according to...
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Sensex zooms 137 points to close above 38,000-mark for first time; Nifty ends at fresh lifetime high of 11,470.70

Sensex zooms 137 points to close above 38,000-mark for first time; Nifty ends at fresh lifetime high of 11,470.70

Mumbai: Benchmark Sensex broke past the 38,000-barrier for the first time, while the NSE Nifty extended its record run for the fifth day on Thursday as optimism surrounding the India growth story continued to override global trade concerns. Banking stocks...
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House of Fraser names funding deadline

House of Fraser names funding deadline

Image copyright Getty Images Struggling department store chain House of Fraser has set a deadline of 20 August to secure fresh funding. The company is planning to close 31 of its 59 shops in January, but is also seeking fresh...
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Supply shortage could push rents up 15% says RICS

Supply shortage could push rents up 15% says RICS

Image copyright Getty Images Rents could rise 15% by 2023 as the supply of new rental properties dries up, according to a survey by the Royal Institution of Chartered Surveyors (RICS). It said small scale landlords are pulling out of...
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Civil aviation ministry, finance ministry mull Rs 11,000 crore bailout package for ailing Air India

Civil aviation ministry, finance ministry mull Rs 11,000 crore bailout package for ailing Air India

Mumbai: The Civil Aviation Ministry is in discussions with the Finance Ministry for Rs 11,000 crore bailout package for ailing Air India, sources said. The discussions come against the backdrop of a failed effort to privatise the loss-making airline, which...
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Pound falls lower against the dollar and euro

Pound falls lower against the dollar and euro

Image copyright Getty Images The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal. Sterling also hit a nine-month low against the euro, and...
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British Gas increases energy prices again

British Gas increases energy prices again

Image copyright Getty Images British Gas is to increase prices for 3.5 million customers, its parent company Centrica has announced. The 3.8% increase in its standard variable tariff (SVT) from 1 October means the average bill will rise by £44,...
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